Nissan Skipping Several Major Autoshows To Conserve Cash
Agent009 submitted on 2/27/2009 Official Bell & Ross Timestamp: 4:32:26 PM
6 user comments | Category: Misc News | Source: | SOURCE: in.reuters.com
Nissan Motor Co Japans third-biggest automaker, said on Friday it would skip some major international auto shows in the new business year starting on April 1 to save cash as global car sales plummet.
Nissan, owned 44 percent by Renault SA, said it had selected the New York, Shanghai, Tokyo and Geneva auto shows during the 12-month period to March 31, 2010 as the four major events to showcase its cars.
Global carmakers use auto shows to promote latest and upcoming vehicle offerings and technology, both through the media and to the public. But signs of dwindling participation are emerging as the global slump eats into the industry's sales volumes and profits.
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